The European Parliament has welcomed the EU Commission's proposals for a single basis of tax assessment for companies operating in more than one member state.
The proposals will form part of a debate later this year, but MEPs have already indicated they support the idea of introducing an optional common consolidated tax base which will allow businesses to choose between existing national tax bases and an EU tax base. This will be followed by a review to establish whether a compulsory EU-wide common tax base should be adopted.
MEPs say that operating a common consolidated corporate tax base at European level will not affect member states' rights to set their own taxes at a national level.
They plan to define a framework of common standards which will create a common tax base and develop method...